ESR has exercised an upsize option on its sustainability-linked refinancing facility after beating its initial US$2 billion target due to high demand from international lenders. The five-year multi-currency loan facility consolidates existing debts and supports expansion across Asia-Pacific logistics real estate, data centres and energy infrastructure. The move follows US$1.1 billion in net debt repayments completed in 2025 as part of ongoing deleveraging plans.
AtkinsRéalis subsidiary Edaroth has finished 12 affordable homes across four sites in Epsom, Surrey, for Raven Housing Trust. Built using offsite modern methods of construction, the development aims to provide a repeatable model for social housing providers across the UK. The scheme exceeds current government targets for offsite manufacturing while meeting future environmental efficiency standards.
Ayala Land Offices’ One Ayala East and West Towers in Makati City have achieved LEED Gold certification for their 74,531-square-meter commercial space. Alongside the South Tower, all three buildings have also secured EDGE Zero Carbon status via 100% renewable energy use and efficiency measures, offering global tenants premium office space aligned with strict corporate ESG targets.
Oman and Türkiye have signed a memorandum of understanding to cooperate on housing and urban planning initiatives following a bilateral summit in Ankara. Omani Housing Minister H.E. Dr. Khalfan bin Said Al Shueili met with Turkish Minister H.E. Murat Kurum to establish a development framework. The partnership will focus on smart cities, sustainable design and real estate finance.
Lagermax Logistics Croatia has completed its third logistics warehouse at its Luka headquarters near Zagreb. The new facility increases total storage capacity to 60,000 square metres. Additionally, sister company Lagermax Autotransport has expanded its site to accommodate 1,200 more vehicles. The newly built facility achieved the highest BREEAM sustainability rating of Excellent for its energy efficiency and resource conservation.
The European Bank for Reconstruction and Development has approved a €25 million local currency loan for Tavan Bogd Holdings. The capital will fund the first phase of the Gerlug Green Complex in Ulaanbaatar, a mixed-use development creating sustainable housing for 1,000 people and commercial space for 30 businesses while targeting international EDGE green certification.
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